Asset Advisors Corp increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,735 shares of the e-commerce giant’s stock after buying an additional 440 shares during the period. Asset Advisors Corp’s holdings in Amazon.com were worth $5,551,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in AMZN. OLD Second National Bank of Aurora boosted its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors bought a new position in Amazon.com during the fourth quarter worth about $113,000. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the second quarter worth about $116,000. Lipe & Dalton bought a new position in Amazon.com during the first quarter worth about $124,000. Finally, Arcadia Investment Management Corp MI boosted its position in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 1.00% during trading on Wednesday, reaching $957.25. The company’s stock had a trading volume of 1,583,781 shares. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm’s 50-day moving average is $995.48 and its 200-day moving average is $933.39. The stock has a market capitalization of $459.84 billion, a PE ratio of 243.45 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS. Equities analysts expect that Amazon.com, Inc. will post $3.82 earnings per share for the current year.
AMZN has been the subject of a number of research analyst reports. Benchmark Co. reiterated a “buy” rating and set a $925.00 price objective on shares of Amazon.com in a research report on Friday, April 28th. Maxim Group upped their price objective on shares of Amazon.com from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. MKM Partners reiterated a “buy” rating and set a $995.00 price objective on shares of Amazon.com in a research report on Tuesday, April 25th. Cantor Fitzgerald reiterated a “buy” rating and set a $970.00 price objective on shares of Amazon.com in a research report on Friday, April 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Amazon.com in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,078.80.
In related news, Director Tom A. Alberg sold 800 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the sale, the director now directly owns 20,320 shares of the company’s stock, valued at approximately $20,320,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,463 shares of company stock valued at $12,420,346. Insiders own 17.70% of the company’s stock.
About Amazon.com
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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